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Virginia's Life Science Community By the Numbers
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3,433 Companies
Life science companies in Virginia.
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$8B Industry
Life Science contributes $8B to Virginia's economy.
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30, 504 People
Employed by Life Science companies in Virginia.
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$107,281 Average Wage
Average earnings of life science workers in Virginia.
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1,197 Clinical trials
Biopharmaceutical industry-sponsored trials in Virginia per year.
News
05/22/2026
BIO Statement on Veto of Prescription Drug Affordability Boards (PDAB) in Virginia
Patrick J. Plues, Senior Vice President of State Government Affairs & Affiliate Relations at the Biotechnology Innovation Organization (BIO) released the following statement on the veto of Prescription Drug Affordability Boards (PDAB) legislation in Virginia: “BIO applauds Governor Spanberger’s decision to veto SB 271 and HB 483 — legislation that would have established a Prescription …
05/21/2026
Virginia Bio Applauds Governor Spanberger’s Veto of SB 271 and HB 483
The Virginia Biotechnology Association (Virginia Bio) today expressed strong support for Governor Abigail Spanberger’s decision to veto Senate Bill 271 and House Bill 483, legislation that would have established a Prescription Drug Affordability Advisory Panel (PDAAP) in the Commonwealth. Virginia Bio and the Virginia Chamber of Commerce sent a joint letter to Governor Spanberger commending …
05/21/2026
New Global Clinical Society to Bring Focused Ultrasound Into Mainstream Medicine
The Focused Ultrasound Foundation today announced the launch of the International Focused Ultrasound Society (IFUS), a new organization dedicated to advancing clinical practice and accelerating adoption of focused ultrasound – a revolutionary, noninvasive therapeutic technology. Established as a program of the Focused Ultrasound Foundation, IFUS aggregates and expands the Foundation’s activities related to clinical implementation …
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